2022.IE30.10

Authorization to Establish an Obligatory Reserve Fund for the Home Energy Loan Program with Funding from the Federation of Canadian Municipalities

Decrease Emissions from Buildings City Council consideration on Jun 15, 2022

Background

Through the Home Energy Loan Program (HELP), “the City offers low-interest loans to help homeowners make their homes more energy efficient and reduce greenhouse gas emissions, in support of the City’s TransformTO climate action strategy and net-zero emissions target.

Source: City of Toronto

Item Description

To support this program, this item calls for City Council to approve the “establishment of an obligatory reserve fund called the FCM Funded Energy Works Reserve Fund…for the purpose of managing funds received from the Federation of Canadian Municipalities.” The reserve fund would exist for the purpose of managing loan and grant funds, including disbursement of funds to program participants.

Source: City of Toronto

Proposed by

Infrastructure and Environment Committee

Result

Carried

Yes22 No0 Absent3